VOICED: Egypt's poorest turn to 'microcredit'

The video discusses the role of microcredit in Cairo, highlighting the Yoga Khan Foundation's support for small businesses. It addresses the demand for microcredit in Egypt, where only a small percentage of people have access to it. Upcoming legislation aims to expand access but may also pose challenges by making microfinance less accessible to the poorest. Despite economic growth, poverty remains a significant issue in Egypt.

What is one of the main benefits of the Yoga Khan Foundation compared to traditional banks?

• They require no collateral.

• They have lower interest rates.

• They provide advice and encouragement.

• They offer larger loans.

What is the primary concern about the new law related to microfinance in Egypt?

• It will increase interest rates.

• It will make microfinance illegal.

• It might exclude the poorest from accessing microcredit.

• It will reduce the number of microfinance companies.

What percentage of people in Egypt currently have access to microcredit?

• 5% to 10%

• 10% to 20%

• 20% to 30%

• 30% to 40%

Who is currently able to access credit in Egypt according to the video?

• Only large corporations.

• Only those with a business plan or activity.

• Only government employees.

• Anyone who applies.

Despite economic growth, what issue remains a challenge in Egypt?

• Reducing the number of people living below the poverty line.

• Improving infrastructure.

• High inflation rates.

• Increasing foreign investments.